Correction accepted. Eight failed audits. Would love to see the will to fix this specific item, but am not confident it exists. We spent hundreds of billions on war with Iran before we forgave student loan debt and instituted Medicare for All, for example. The evidence is clear these are active choices we can make. We actively choose the bad financial policy choices through governance outcomes.
The only branch of government I have faith in at the moment is the bond market.
The US spends ~$1.1T/year on Medicare today. US health care spending is estimated to continue rising and will reach nearly $6T a year by 2027. That means according to the federal government, the US will spend around $42.9T on health care over the next decade if we maintain the status quo. A recent study by Yale epidemiologists found that Medicare for All would save around 68k lives a year while reducing U.S. health care spending by around 13%, or $450B a year.
(for comparison, the DoD consumes ~$1T of spending, and debt interest costs ~$867B, annually as of this comment)
The only branch of government I have faith in at the moment is the bond market.
Pentagon fails financial audit for 8th year in a row - https://www.militarytimes.com/news/pentagon-congress/2025/12... - December 19th, 2025
Fact Check: Has the Pentagon failed its 7th audit in a row? - https://econofact.org/factbrief/has-the-pentagon-failed-its-... - December 20th, 2024
Thoughts From the Bond Vigilantes - https://www.pimco.com/us/en/insights/thoughts-from-the-bond-... - December 9th, 2024